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LegalCornerTM - Foreclosure and Short Sale F.A.Q.'s

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Q.Will a lender allow a short sale if the seller has a fair amount of equity?

A.Typically not. When a property has equity, the lender will most often opt to continue with the traditional foreclosure process to regain title to the property and dispose of it at fair market price. However, if there is a glut of homes for sale in your local area, the lender may still consider negotiating a short sale.

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